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AgdaPkt 2011-10-10
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AgdaPkt 2011-10-10
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Last modified
9/23/2013 10:29:37 AM
Creation date
10/6/2011 2:22:42 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
10/10/2011
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6.1.E. - Page 9 <br /> �4rt� <br /> JdL�'!� r nd Lc , or�nf Af�o � Un,s i <br /> Sec�n,�.Q1. Number r�f Affondable Units and Bedro�rns ° <br /> _ ; <br /> � <br /> OWldER, as a «�nnd#Gan ta #he saiisfiactfon of OWhIER's 8fforrlable houalr� <br /> obligatlans es set i'nrth �n ti�e ProJect Approvels� and i� acca►�de�ce wlt� the AHP, � <br /> OWNER �hall construct, or cause to be �n�tructed, sev�nte�n [1'� qffordable Units, � <br /> comprlsed af fh+e (5)or�e�bedroom units, nine (�8)twa-bedraan unifs� a�d three (S}three- ' <br /> bedroom uni�e, and tataling 32 bedrooms, �n the unit mbc mare�artiCUiaNy set€arth jn� <br /> OWN�R's AHP attached hereto as Exhlb9t�S.° <br /> Se�Qn,3.02, �ocBHor�of Affard��le Unffs. <br /> The A'�`ardable Unit� sh�ll be the #ype of un�shown 1n the AHP a#,�ched her�e�o � <br /> as Exhibi� "B" end �ha�l be oor�sfructed on the Proper#y in the locstions(s} shawn or ; <br /> descxibed In the AHP attached he�eto es �x�ibit "8,�� and the typ�s af units and thefr <br /> respecifve locatlons st�all nat be cl3anged vvft�aut#he appr�o�►al of ti�e Cfty. <br /> Seclfan 3.Q3. a and A rda le U ' <br /> The Affondable Unfts sh�ll t�e com�arabRe In quallty, �#ze �rtd amenffies {�t the � <br /> seme cost as atherwise available for o#her tsriat��a)to thae� uniis whlch will be available ; <br /> to tanards o#the unJts nof desig�ated as Affordable Units�`Mar�te�Rate UNt�},subject to � <br /> varl�or�s in ir�teriar finishes which shet�be reviewed and approved by the City pr�or�a the ' <br /> issuanr� af eny Certiticat�s of Oocupancy. Tenants In #he A�ardaf�ls Units shall have � <br /> equ�l ac�ess and enJaymertt#o a!I aorr�mon fecflitie�s af the P�ojecf. <br /> c�e tV <br /> i <br /> A Covena � <br /> i <br /> � <br /> 5edion 4.�0�. Ren�I�ebII�tv Coven�t�ts. • . <br /> DurinQ the Re�tal Affondablllty CovenaMs Term, OVIfNER cavert�r�ts end agrees ' <br /> that the Af�rda6le Units shall Ue ma�a4ned in �ccflrdence with thfs Article �s fiollows <br /> �the "RentaE Afford�bility �ovenants"}: the Affor+dabl� Unfts shap bs made eva�fable t� <br /> persons and familfes af fow�noame'or to"persons and famBles of mocl�erate lncarv�e,'�s . <br /> those t�rrns are deflned by Callfornle Hsa�th and Safety Coae �c�ar� 5ppg�� whose � <br /> �ricome3s do not exceed one �undr�ed and #wenty percent(12096}of HUQ's Area Med�an <br /> Income for Ssin AAa#eo �unty (°AMI"), as adj�sfi�d frarn time to time ["Quai9ffed + <br /> Lessees"). For"per�ans and fa�nifle�of law inoame,'the Af�ord�tble Uh�ts sha11 i�e made f <br /> �v�allable at "a#far�dable r�err�f"" as define�d in Cailifamia Hes�th ant� Setety Code ser�ion <br /> 50053(b)(3). For"petsohs and famElies of moderate Encame; the A#Fordable UNts sh�f! <br /> be made avallable at "affar3d�ble renf as denned in Cal�omla Health and 5$fety Cade <br /> sectfor�50053{bx4}, <br /> Annualfy, on fhe anniver��ry rlafie of 4ccu�ncy af an AffflrdaWe Ur�et by � <br /> Quallfled lessee, OWNER �h�ll re-oertlfy the quaUficeti�ons oi the Qualiffed �.essee in <br /> �iccarciance with the req�iraments o�f th�s Artfcl�. i�, upon recertifcadon. OWNEa <br /> defermines that the QualHi� Lessea's �ross Incame, a�thaf term is defr�ec[ in sec�on i <br /> 6 � <br />
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